Bret A. Conklin Sells 15,472 Shares of Horace Mann Educators Co. (NYSE:HMN) Stock

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) EVP Bret A. Conklin sold 15,472 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $43.52, for a total transaction of $673,341.44. Following the transaction, the executive vice president now directly owns 55,792 shares of the company's stock, valued at approximately $2,428,067.84. This trade represents a 21.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Horace Mann Educators Stock Up 0.7%

NYSE HMN traded up $0.31 during trading on Monday, reaching $43.74. 199,078 shares of the company's stock were exchanged, compared to its average volume of 251,109. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $44.44. The company's fifty day simple moving average is $41.76 and its 200-day simple moving average is $40.77. The firm has a market capitalization of $1.78 billion, a PE ratio of 17.64 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.19. The company had revenue of $416.40 million for the quarter, compared to analyst estimates of $421.40 million. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. Sell-side analysts predict that Horace Mann Educators Co. will post 3.87 EPS for the current year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, June 16th. Horace Mann Educators's dividend payout ratio (DPR) is currently 50.72%.

Horace Mann Educators announced that its board has approved a stock buyback plan on Tuesday, May 13th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Raymond James restated a "strong-buy" rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. JMP Securities reaffirmed a "market perform" rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Keefe, Bruyette & Woods boosted their target price on Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Tuesday, February 11th. Wall Street Zen upgraded Horace Mann Educators from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, Piper Sandler lifted their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Institutional Trading of Horace Mann Educators

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of Horace Mann Educators by 336.2% during the third quarter. Barclays PLC now owns 70,012 shares of the insurance provider's stock worth $2,446,000 after acquiring an additional 53,961 shares during the period. KBC Group NV raised its stake in shares of Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock valued at $93,000 after purchasing an additional 707 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Horace Mann Educators by 10.3% in the fourth quarter. Hantz Financial Services Inc. now owns 62,767 shares of the insurance provider's stock valued at $2,462,000 after purchasing an additional 5,879 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Horace Mann Educators by 5.1% during the fourth quarter. Empowered Funds LLC now owns 171,378 shares of the insurance provider's stock worth $6,723,000 after buying an additional 8,331 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Horace Mann Educators by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 234,717 shares of the insurance provider's stock worth $9,208,000 after buying an additional 11,205 shares during the period. Institutional investors own 99.28% of the company's stock.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.